I personally knew a man who experienced a "Loss at Sea" claim about 20 years ago in Honduras.
The saga started when an Ex-pat was leaving Honduras and sold his pickup truck.
He was not paid for the truck and took it back.
Then he sold it to my acquaintance, Dick.
One day while parking the truck, Dick was approached by a man who said;
"That's my truck. I want it back."
The original purchaser had kept a copy of the registration papers.
Dick's lawyer told him;
"His papers are just as good as your papers. As an American in a Honduran court you will lose."
So far the other owner had no paper trail linking Dick to the truck.
He may have had a court order to seize the truck, but he would have to locate the truck.
Well Dick operated a fly-in fishing camp out in the Moskito coast.
That would be a good place to hide and use the truck.
He put the truck on a coastal freighter to ship it to the Moskito Coast.
The ship ran into a storm.
In order to lighten the deck load, the truck was pushed overboard.
The ship survived and made port.
Now the maritime law came into play.
Dick was informed that under the applicable laws, had the ship gone down, everyone would have shared the loss of their cargo, but if cargo was jettisoned and the ship survived the ships owners were responsible for the lost cargo.
The shipping company paid the claim without recourse to the courts.
It worked out well for Dick.
Bill
--------------------
Ohm's law
Not just a good idea;
It's the LAW!